Former Vanguard CEO picks up 6,430 UnitedHealth shares

The former chairman and CEO of investment company Vanguard Group purchased 6,430 UnitedHealth Group shares May 1, according to a filing with the Securities and Exchange Commission.

Advertisement

William McNabb III, who joined UnitedHealth’s board in February 2018 after stepping down as Vanguard’s CEO a month prior, now owns 7,879 UnitedHealth shares, according to Barron’s. Mr. McNabb paid $1.5 million for his latest purchase.

Mr. McNabb’s purchase of stock on the open market was the first by any of UnitedHealth’s insiders in five years, according to Barron’s. So far this year, UnitedHealth stock is in the red, down 6.9 percent year-to-date.

More articles on payers:
WellSpan, Capital BlueCross partner for long-term agreement
HCA hospitals won’t get full $150M in Aetna arbitration case
UPMC hits back at Pennsylvania AG in consent decree litigation

At the Becker's 5th Annual Fall Payer Issues Roundtable, taking place November 2–3 in Chicago, payer executives and healthcare leaders will come together to discuss value-based care, regulatory changes, cost management strategies and innovations shaping the future of payer-provider collaboration. Apply for complimentary registration now.

Advertisement

Next Up in Payer

Advertisement

Comments are closed.